Nerdy, Inc. (NYSE:NRDY – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $4.82.
Several equities analysts recently issued reports on NRDY shares. Needham & Company LLC reiterated a “buy” rating and issued a $4.00 price target on shares of Nerdy in a report on Friday, May 17th. JPMorgan Chase & Co. started coverage on Nerdy in a report on Monday, March 11th. They issued an “overweight” rating and a $5.00 price target for the company. Finally, The Goldman Sachs Group boosted their price objective on shares of Nerdy from $3.25 to $3.75 and gave the stock a “neutral” rating in a research report on Thursday, May 9th.
Read Our Latest Analysis on Nerdy
Nerdy Trading Down 1.1 %
Shares of Nerdy stock opened at $1.81 on Monday. The company has a market cap of $318.02 million, a P/E ratio of -6.46 and a beta of 1.90. The stock has a 50-day moving average price of $2.60 and a 200 day moving average price of $2.87. Nerdy has a 1 year low of $1.80 and a 1 year high of $5.37.
Nerdy (NYSE:NRDY – Get Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.04. The business had revenue of $53.73 million for the quarter, compared to analyst estimates of $52.20 million. Nerdy had a negative return on equity of 41.24% and a negative net margin of 14.49%. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the previous year, the company posted ($0.12) earnings per share. On average, equities analysts forecast that Nerdy will post -0.31 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Nerdy news, CEO Charles K. Cohn bought 75,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was acquired at an average price of $2.79 per share, with a total value of $209,250.00. Following the transaction, the chief executive officer now owns 185,704 shares in the company, valued at $518,114.16. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Charles K. Cohn acquired 75,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were purchased at an average price of $2.79 per share, with a total value of $209,250.00. Following the completion of the purchase, the chief executive officer now directly owns 185,704 shares of the company’s stock, valued at $518,114.16. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Charles K. Cohn bought 67,991 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were acquired at an average price of $2.88 per share, with a total value of $195,814.08. Following the transaction, the chief executive officer now directly owns 10,855,579 shares of the company’s stock, valued at approximately $31,264,067.52. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 217,991 shares of company stock valued at $629,314 and have sold 121,555 shares valued at $316,572. 31.35% of the stock is owned by insiders.
Institutional Trading of Nerdy
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bayesian Capital Management LP purchased a new position in shares of Nerdy during the first quarter worth $101,000. Vanguard Group Inc. boosted its stake in Nerdy by 2.9% during the first quarter. Vanguard Group Inc. now owns 3,101,444 shares of the company’s stock worth $9,025,000 after buying an additional 88,771 shares during the last quarter. ACR Alpine Capital Research LLC raised its position in shares of Nerdy by 15.7% during the 1st quarter. ACR Alpine Capital Research LLC now owns 952,062 shares of the company’s stock valued at $2,770,000 after buying an additional 129,090 shares during the period. Greenvale Capital LLP raised its position in Nerdy by 2.9% in the fourth quarter. Greenvale Capital LLP now owns 8,490,996 shares of the company’s stock valued at $29,124,000 after purchasing an additional 240,996 shares during the period. Finally, S Squared Technology LLC increased its position in shares of Nerdy by 582.6% during the fourth quarter. S Squared Technology LLC now owns 204,786 shares of the company’s stock valued at $702,000 after acquiring an additional 174,786 shares during the last quarter. Institutional investors own 39.10% of the company’s stock.
Nerdy Company Profile
Nerdy, Inc operates platform for live online learning. The company’s purpose-built proprietary platform leverages technology, including artificial intelligence to connect students, users, parents, guardians, and purchasers of various ages to tutors, instructors, subject matter experts, educators, and other professionals, delivering value on both sides of the network.
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